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April 19, 2022

WealthDesk forges alliance with Axis Securities

India-based investment technology platform WealthDesk has entered into a partnership with brokerage house Axis Securities.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The alliance will see WealthDesk offer its wealth solution products to Axis Securities’ approximately four million customers.

The customers will be able to access the wealth solutions through their Ring Mobile application and Ring platform.

Additionally, the partnership will enable the users to make systematic and regular investments into stock and ETF baskets by opting for systematic investment plans (SIPs) on their premium baskets.

WealthDesk founder and CEO Ujjwal Jain noted that WealthDesk is expanding access to systematic Wealth Management solutions through SEBI registered partners under its Unified Wealth Interface (UWI) vision as the number of retail investors continues to grow in India.

Commenting on the partnership, Jain added: “Axis Securities has pioneered Bank-led broking, which has made investing seamless for millions of investors.

“With this unique partnership, investors with Axis Securities will enjoy smooth access to innovative wealth solutions in our ecosystem. We are extremely excited about this partnership.”

Axis Securities Product and Marketing head Vamsi Krishna said: “We are happy to collaborate with WealthDesk and extend access to a cutting-edge investment technology platform to our customers.

At Axis Securities, we constantly strive to empower our clients to make the most of their investments, and our partnership with WealthDesk is another step towards this endeavour. Through a robust digital platform, our customers will now be able to invest in curated research-based products and enjoy seamless wealth solutions.”

In June last year, WealthDesk raised $3.2m through its pre-series A funding round following an initial tranche in January that year.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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